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GM Goes From Bad to Worse Despite Obama Bailout

MichiganWife85 Wrote: Aug 23, 2012 9:40 AM

Kevin, it's about principle, not the quality of the vehicle. I personally wouldn't want to buy from a co. that couldn't hold it together and needed the gov't to bail them out AFTER a bankruptcy. Why did GM go bankrupt in the first place?....ask yourself that. I would buy a Ford just because they didn't require a bailout. So there.

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GM Goes From Bad to Worse Despite Obama Bailout

Readers with long memories may recall that Charles E. Wilson, president of General Motors and nominee for secretary of defense, got into trouble when he told a Senate committee, "What is good for the country is good for General Motors, and what's good for General Motors is good for the country."

That was in 1953, and Wilson was trying to make the point that General Motors was such a big company -- it sold about half the cars in the U.S. back then -- that its interests were inevitably aligned with those of the country as a whole.

Things are different...

Related Tags: Bailout Obama Barack Obama GM bailouts united auto workers